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Databricks now valued at over 2X Snowflake as software valuations come under scrutiny

Databricks raised $5 billion in a private round from Goldman Sachs, Glade Brook Capital, Morgan Stanley, Neuberger Berman, ...

Databricks completes $5 billion funding round at $134 billion valuation

Databricks is prepared to go public "when the time is right," CEO and co-founder Ali Ghodsi told CNBC in an interview.

Snowflake Faces Rising Competition From Hyperscalers, Databricks

Snowflake traded near flat as a bullish outlook on AI-driven demand faced growing competitive pressure amid valuation ...

Databricks raises $5 billion in latest funding, defying software selloff

By Jaspreet Singh, Pritam Biswas and Krystal Hu Feb 9 (Reuters) - Databricks said on Monday it has completed a fundraising of ...
VentureBeat

After Databricks, Snowflake targets manufacturing with industry-specific data cloud

Montana-based Snowflake, a company known for handling the needs of a data warehouse and data lake with its unified data cloud, today expanded its product portfolio with a dedicated offering for the ...
Nasdaq

Jefferies says gap between Databricks and Snowflake is narrowing

Jefferies believes the the gap between Databricks and Snowflake (SNOW) is narrowing. Databricks announced over 60% year-over-year growth in Q3 versus Snowflake’s 28% and an over $3B fiscal 2025 exit ...
Blockonomi

Databricks Stock Secures $5 Billion Funding at $134 Billion Valuation

Databricks stock raised $5 billion at $134 billion valuation as revenue hit $5.4 billion growing 65% with AI products generating $1.4 billion.
Business Insider

Databricks and Snowflake just backed competing open-source data-lake technologies, sparking a new phase in the rivalry reminiscent of earlier open-source competitions

Databricks and Snowflake are increasingly competing across various products, ranging from Snowflake's massive investments in machine learning to Databricks' expanding data-management tools. However, a ...